Which of the following statements is correct?
A) Dynamic open market operations are carried out to offset fluctuations in the monetary base.
B) Defensive open market operations are carried out to change monetary policy.
C) The volume of defensive open market operations is much greater than the volume of dynamic open market operations.
D) Defensive open market operations are usually carried out through outright purchases or sales.
C
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Define the following terms carefully: (a) Full employment (b) Purchasing power of money (c) Real wage rate (d) Relative price
What will be an ideal response?
A change in the composition of the population will generally
a. change demand only if there is a change in the size of the population b. change demand only if there is no change in the size of the population c. change demand even if there is no change in the size of the population d. have absolutely no effect on demand e. result in a movement along the demand curve
The demand curve of a perfectly competitive firm is vertical
a. True b. False Indicate whether the statement is true or false
What are the three levels of government?
What will be an ideal response?